Foundation Ventures

Foundation Ventures is an early-growth stage venture capital fund that backs founders building industry-defining companies. The firm unlocks massive growth for our portfolio companies by giving them access to the largest network of distribution channels across the region. Foundation Ventures was established in 2018 and is based in Cairo, Egypt.

Omar Barakat

Managing Partner

Ziyad Hamdy

Co-Founder / Managing Partner

Mazen Nadim

Managing Partner

Past deals in Egypt

Kenzz

Seed Round in 2022
Kenzz is an e-commerce platform focused on transforming the shopping experience for consumers in Egypt and the MENA region. By connecting directly with local manufacturers, Kenzz offers a wide range of products at competitive prices. The platform allows users to make collective purchases with friends and family, unlocking discounts and enabling customers to maximize their savings. In addition to a vast selection of products and deals, Kenzz encourages social sharing, allowing users to share their favorite finds with others and receive rewards in return. This customer-centric approach aims to digitize the traditional shopping experience, making it more accessible and engaging for a broader audience.

The Fashion Kingdom

Seed Round in 2022
The Fashion Kingdom is an online e-commerce platform specializing in apparel, health, and beauty products. The company offers a diverse range of items, including shirts, jeans, jackets, sweatshirts, hoodies, knitwear, swimwear, activewear, liquid lipstick, fragrances, and accessories. Catering to various age groups and genders, The Fashion Kingdom aims to provide customers in Egypt with quality outfits and value-for-money products. Customer inquiries are efficiently handled through online applications, enhancing the shopping experience.

Capiter

Series A in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Nowpay

Seed Round in 2021
NowPay, Inc. is a fintech company based in Cairo, Egypt, that aims to enhance the financial wellness of corporate employees. Established in 2018, it offers an online platform that enables employees to manage personal finances, including budgeting, spending, and borrowing. Through its mobile application, users can access detailed information about their salaries, account balances, and potential loan amounts. NowPay collaborates with employers to provide employees with the option to receive advance salary payments at any time during the month, allowing for repayment over multiple months without additional liabilities. This service not only aids employees in times of financial need but also helps corporations improve employee satisfaction, productivity, and loyalty.

Capiter

Pre Seed Round in 2020
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Nowpay

Seed Round in 2020
NowPay, Inc. is a fintech company based in Cairo, Egypt, that aims to enhance the financial wellness of corporate employees. Established in 2018, it offers an online platform that enables employees to manage personal finances, including budgeting, spending, and borrowing. Through its mobile application, users can access detailed information about their salaries, account balances, and potential loan amounts. NowPay collaborates with employers to provide employees with the option to receive advance salary payments at any time during the month, allowing for repayment over multiple months without additional liabilities. This service not only aids employees in times of financial need but also helps corporations improve employee satisfaction, productivity, and loyalty.
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